Responsibility Builds the Future, MSCI Upgrades Logan Group’s ESG Rating to ‘BB’

(China / Hong Kong, 30 July, 2020) MSCI, the world’s leading index compilation company, released the latest ESG (“Environmental, Social and Governance”) rating report on 30 July. MSCI upgraded Logan Group (3380.HK)’s ESG rating to "BB" , which is the highest rating among China’s large-cap real estate companies on the Hang Seng Index (“HSI") so far, demonstrating the Company's sustainable development strategy has been widely recognized by the international capital market.

As the research results are objective, fair and practical, MSCI's ESG rating results have become a main investment reference in the international capital market.

Responsibility builds the future

Logan has been committed to fulfilling corporate social responsibility for a long time and has been at the forefront of the industry in implementing ESG development concepts. In March 2020, Logan established a Sustainability Committee, with the Chairman of the Company’s Board serving as the Chairman of the Committee, as well as a governance structure for sustainable development consisting of the Board of Directors, Sustainability Committee, and Employees, which further improves the sustainable development strategy, environmental protection, social responsibility and governance standards, and promotes sustainable development of the enterprise. In April 2020, Logan responded to the Hong Kong Stock Exchange’s new disclosure regulations in a prompt manner, and released its first independent annual ESG report, highlighting its efforts and fruitful results in sustainable development, which was widely recognized by the capital market. The upgrade of the ESG rating to "BB" by MSCI helps Logan to further enhance its corporate social value and capital market influence.